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Legal Basics: 5 Strategies for Keeping Trustees on the High Road
Your board is responsible for ensuring adherence to legal standards and ethical norms. Trustees must ensure that the foundation follows its articles of incorporation, bylaws, and policies, complies with federal and state requirements, and holds to its purpose to serve the public good. The board also serves as the foundation’s moral compass, protecting it from... Read More
Foundation Recordkeeping: A Quick Guide
Without a doubt, giving plenty of time and thought to your foundation’s recordkeeping system will pay off in the long run. In general, you should keep most foundation files of any significance for a minimum of 3 years. However, this can add up to a lot of paper! For one thing, if space is a... Read More
How Funders Can Better Equip Grassroots Nonprofits to Diversify Their Revenue
A full version of this post originally appeared on Resilia’s company blog. Most funders already understand the importance of supporting nonprofits with capacity-building resources “beyond the grant” to help them achieve their mission. But where do you begin as a funder with many areas to focus on? One clear area of focus is fundraising. While... Read More
Making a Significant Shift in Funding Priorities
On a cold day in February 2015 at a board retreat on the coast of Maine, the board of directors of the Emanuel and Pauline A. Lerner Foundation made a big decision. After five years of funding nonprofits in Maine focused on civic engagement, cultural tolerance, and women and children, the board decided to take... Read More
In Support of Sabbaticals
This post originally appeared on Hauʻoli Mau Loa Foundation’s blog. There are a number of studies that explore the value of sabbaticals in the nonprofit sector. The Durfee Foundation is perhaps best known for its advocacy for this tool in the sector. Our Board was convinced it was worth it for us to try out... Read More
Next Generation Philanthropy: Where To Start
Next generation philanthropy. No matter how you define the next generation, many foundations struggle to engage this subset into their philanthropy. “The most important thing is to treat young people as equals at the board table,” says Susan Price from the National Center for Family Philanthropy. “They don’t know everything the older generation knows, but... Read More